Euro Falls on Credit Concern, U.S. Confidence

The euro declined today versus the U.S. dollar and the pound after posting a rebound last week on weak U.S. housing data, but its deficient credit outlook for several bloc’s members is still affecting the common currency.
The U.S. dollar gained today versus the euro before a report tomorrow which is likely to indicate improved consumer confidence in the world’s wealthiest nation, forcing the euro down as traders are still concerned about some of Eurozone’s countries members credit rating, which has been affected the euro outlook during the past few weeks.
EUR/GBP traded at 0.8982 as of 22:20 GMT from a previous rate of 0.9015 earlier this session.

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